Absolutely not. I remember reading that someone said there are about 13,000 accounts on Steemit. That is absolutely nothing compared to Tumblr, which essentially achieves the same task as Steemit but with a much higher magnitude of quality. Once morons realized they are too late to hop on the train and their investments are only lining the pockets of the whales on top the money will dry up. Once the money dries up the platform is dead because that is literally the only draw to it as of now.
I had already pointed it out 5 times but let's do it again. If we use Alexa Ranking, Steemit is nowhere as popular as Reddit clones like Voat. How could anyone say Steemit is mainstream when it has less users than Voat and other Reddit knockoffs? As well Steemit has not been providing information like user retention, user attrition, et al. I imagine thousands of users have already left the website, realizing they can't make $10,000 a post like a hot chick. Never mind this is a coin where less than 5% of the total supply is available for trading. There's red flags everywhere for me. Tumblr (2007), Voat (2014), etc... have had years (Tumblr almost a decade) head start. Steemit has only been out for 3 months. Those comparisons are ridiculous and misleading. I am sure Tumblr, Voat, etc. (insert any social media web site here) did not start off as good as it is today. There is a lot of talk of how to improve the user interface, content curation, the trending/etc algorithms. There are changes being made everyday to how the ecosystem works to make it better. For instance this: https://github.com/steemit/steem/issues/177Anyone can make thousands of dollars on a post. The ones crying about not being able to do it immediately are being unrealistic in thinking that posting content is easy money and Steemit get rich quick scheme. It takes a lot of time and energy to make posts. Only a couple or few posts out of maybe a hundred may get a decent pay out. It is hard work. If you want easy money go to a casino and hope to get lucky. But it does pay off. I made $250 by simply writing a comment the other day. You never know when you will strike it rich by getting up votes from a whale or many minnows. The only way to do it is to keep posting. Those that give up will obviously never make anything. Then, people like you guys want to sit and cry that you can't make an easy $10k.... give me a break!  The people who are making money on Steemit have a combination of three benefits: 1) Got in at the start and built their presence organically 2) Have large amounts of Steem Power to dictate the direction theirs and others posts go 3) Have a reputation among the whales So as of now there are a couple of ways to earn "$250 for a simple comment". You can fight against the thousands of other posts making pennies per post (despite having content similar in quality to top posters) and hope you somehow break through to a larger audience/profit. You can engineer (beg, whore, etc) your way into favor of the whales. You can buy in at the peak of a bubble to hopefully recover your investments before the bubble pops and you are left with nothing. None of those scenarios sound enticing. I'm going to stick to doing what I'm doing where I'm making steady crypto profits. In the meantime, I'm also going to explain why Steemit is a bullshit scam so others don't waste their time with it only to perpetuate the profits of the dubious whales the top heavy economy favors. |
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The problem with your solution is that implementing it, while improving the quality of the platform as a whole, would not be in the best interests of the developers. Simply put, people are only using Steemit to make money. Nobody is saying "Wow, look at the quality of content on Steemit!" The ONLY draw to the platform is the profit possibilities. By fragmenting voting into niches, there will no longer be posts earning tens of thousands of dollars.
My proposal would perhaps turn 1000 Steem posts into perhaps 100 Steem posts, but likely Steem would thus be 10X higher in price because of the greater participation and utility. So nothing lost and only gained. You're falling under the inaccurate assumption that a 10x better system will = 10x the investments into the system. The people making big bucks off of Steem don't want to fix the system. It's broken in their favor. While new investors may see such a change as a better chance of earning, the people holding and distributing Steem will see it as absolute loss of profit. If whales are dumping, even if the fish are pumping, the price is not going to hold, and certainly won't appreciate 10x. |
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PokemonGO is wildly popular. I'd be surprised if anyone here hasn't heard of it, and I'm sure many of us play it. Niantic (the company that made the game) seems to be planning on adding trading to the game in the near future. Once players start trading Pokemon, they will need a currency to value Pokemon with. We need a PokemonGOCoin. POGOC is a shitcoin I would buy in to.
The dev that will launch one could go in trouble because this is will be copyright infringement,the dev should first ask the copyright owner for a permission to use the name if they are indeed going to use the word Pokemeon Dude this is shitcoin economy we are talking about. It's like Wolf of Wallstreet penny stocks with even less regulations. Nobody is going to care that they could get in to trouble for an altcoin they publish anonymously. Furthermore, I doubt this coin would get big enough for Nintendo to find out. |
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I want to invest in this project, I really do. But it's clear this is more geared towards people buying this coin to actually use it, rather than just buy and sell. No escrow, no reputable members, no plans on listing it in an exchange. I buy virtually every video game crypto out there and I'd love to buy this one too, but I just can't at this point in time.
The coin will have use cases that address people who have no interest in playing MMOs such as our gambling based platform that will be available as a standalone in the web browser in the near future. I don't quite understand what you mean by no plans on listing it on an exchange since we mention in almost every section that people will be able to buy Jewels off of exchanges. We'll be contacting exchanges nearing the end of the sale. Based on no escrow I assume you are for using an escrow. Our reputation is on the line as we've been around for over a year and Pro4never is a well known individual in other communities as well as being very open about his real life identity for this project. Can you explain what you feel would be the benefits of using an escrow because from my research I can cite examples of where using an escrow serves absolutely no purpose other than giving people a false sense of security. Thanks for your feed back and looking forward to your reply!  I don't see exchange mentioned anywhere in the roadmap. I do hope it is your intentions to list them on exchanges. Do you have any in mind? Have you contacted any? Most exchanges won't list just any coin that is proposed to them. You can probably get it listed on Yobit but that market is primarily for trading shitcoins. Perhaps the escrow is a false sense of security, but more people are going to be more comfortable with sending money to a reputable member of this forum over some streamer without much activity within the community. More money invested = more profits for investors. Use cases are definitely a positive, and the major reason why I like to invest in videogame cryptos. They don't set out to change the world but they actually server a purpose, regardless of how niche it is. |
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I am pretty sure The Pokemon Company and Nintendo have the ability to block any usage of their trademarks, especially when they even use it on birthday parties. Where is this Niantix you speak of? Is it some China ripoff of Pokemon Go? In other news, I have to say Niantic made the right move after Ingress. What makes you think that they wouldn't simply use fiat for trading purposes, they rake in so much IAPs every second that using cryptos might even lower the profits from less savvy rich guys.
A few things: 1. Fixed the Niantic spelling error, thanks. 2. People infringe copyright and trademarks all the time when making shitcoins (See: Trumpcoin, Shrekcoin, and countless others). 3. Nobody will actually use the coin but shitcoins that have a hypothetical purpose tend to have higher values. Honestly I just want to trade a Pokemon coin but I don't know how to make one myself. |
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I want to invest in this project, I really do. But it's clear this is more geared towards people buying this coin to actually use it, rather than just buy and sell. No escrow, no reputable members, no plans on listing it in an exchange. I buy virtually every video game crypto out there and I'd love to buy this one too, but I just can't at this point in time.
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Just out of curiosity, where is steemit userbase coming from since their original thread has only 31 pages, twitter has only 1000 followers and facebook has less than 1000 followers?  things aren't adding up for me here. More I dive in, more complicated it gets. The people falling for the Steem trap aren't crypto people. They are normal people who hear from word of mouth that "This girl just got paid $11,000 for having tits on this site called Steemit!" Then they say wow! and they make a few posts. Then they realize they don't have tits and, as such, don't get any money. However, every now and then one of them does have tits, and they tell their friends about their success. At this point Steem is basically the titcoin meme that Pornhub made a video about. I'd be absolutely embarrassed if I were an investor of this fraud. So does that mean Steemit is breaking through the mainstream? Some of you may frown upon it but by hook and by crook Steemit looks to achieve what other altcoins have failed in. Maybe they're finally on to something here. Absolutely not. I remember reading that someone said there are about 13,000 accounts on Steemit. That is absolutely nothing compared to Tumblr, which essentially achieves the same task as Steemit but with a much higher magnitude of quality. Once morons realized they are too late to hop on the train and their investments are only lining the pockets of the whales on top the money will dry up. Once the money dries up the platform is dead because that is literally the only draw to it as of now. |
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PokemonGO is wildly popular. I'd be surprised if anyone here hasn't heard of it, and I'm sure many of us play it. Niantic (the company that made the game) seems to be planning on adding trading to the game in the near future. Once players start trading Pokemon, they will need a currency to value Pokemon with. We need a PokemonGOCoin. POGOC is a shitcoin I would buy in to.
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This coin is embarrassing. You know, when it first launched, I thought Memetic (Pepecoin then) was a great idea. I was duly awarded, and thankfully, I took my profits and exited early.
Why is this coin embarrassing? Well, the focus of this coin is still Pepe. I don't give a shit how inclined you all are on altcoin markets, you are all fucking novices when it comes to meme markets. Pepe is a DEAD MEME. The rare pepe economy collapsed MONTHS ago. Pepe isn't even the top frog anymore (See: Dat Boi). A new era of memes has taken center stage, an era dominated by Songegar, Trump, and, of course, Dat Boi. If you guys want to see this coin rebound at some point, you need to do a complete overhaul of the aesthetics. A Pepe based 'meme' coin is only destined for failure.
My point still holds guys. Pepe is a dead meme. Revamp the currency with a new look and feel and ditch the 2015 memes for what is currently hot off the shitter. This coin doesn't have a future as long as the "meme" is universally pepe. There are obviously no meme economy experts on this dev team. |
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Just sent out an email for the bounties I joined, sorry that I'm a little late. I sold off all my Chess due to all the turmoil surrounding the coin, but I'm still keeping an eye on it and seriously hope it does well in the future.
Also, the SeriousInvestor guy is a troll, stop feeding him morons.
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There sure are a lot of big names participating in this...investment scenario. Anything for a buck. Right fellas?
That's because the money flows to the top. There are a handful of Steem-whales holding large amounts of SD and SP who are reaping the benefits of all the newbies tricked into thinking that they, too, can turn a profit. Ultimately they are just going to make money until people wisen up and stop buying into this massive bubble. At that point, they will either sell out, or, disillusioned with past profits, hold on to the rails as the boat sinks, along with all the fish who are wasting time and money on this platform. |
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This is already a phenomenon seen all over social media. Look at Twitter, for example, where the only metrics of success are likes and retweets. Even there, content is dominated by garbage "parody" accounts, who all repost the same stuff. Why are these accounts the most popular? Well, on a platform like Twitter, people are rewarded via followers and notifications for playing a part of the majority. It's the same reason why you only see conservative view points ridiculed and progressive ones hailed. The best content strays too far from the norm to make up the most exposed content.
You can see this everywhere. Hell, look at top movie lists. The Shawshank Redemption routinely lands #1 on user generated lists that consist of voting for what you like. So does Pulp Fiction. Are these the best two movies ever? No, they aren't. So why do they always land on top? Because they are the goodest. Everyone likes these movies. It may not be everyone's favorite, but everyone likes it.
I was rewarded $7000 for proposing an algorithmic solution to the problem you lament: https://bitcointalk.org/index.php?topic=1548369.msg15640772#msg15640772Didn't see your response here. Anyways, I posted mine in the thread you just linked. Have a ball and write a steem article on it if you want buddy. |
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We invested in LETITRIDE and so far out of the last three ICOS we invested in, this one seems to be the best and it is performing well, both in terms of value and price and also of community backing and active development. Time will tell how it will do long term but so far so good. Another good one we invested in was MINEUM which is a mining coin.
Sounds like you are new to ICOs. What you need to understand with these coins is people ONLY invest in these things to turn a profit. You put money in the ICO, coin gets listed, and you can sell it for a profit? Do it. The longer you hold onto these types of coins the more likely you are to lose. Look at Yobit charts of shitcoins after launch. They surge for a bit, then they fall completely. Sell before you think it's going to start to go down. |
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According to Ctrl+F, Color Coins have not been mentioned. Surprising. Anyways, Colored Coins essentially do this. They set aside an amount of Bitcoin to give it a special tag, which can be used to represent other values. I think Spells of Genesis is using this technology? Not sure though, haven't heard much about it recently.
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What a great guy. Sean-king upvoted my post above. Note I had added to the end of that comment post. I think I made a very important point there about voting not being free of mental computational cost. Edit: I added even more to the end of that comment post: The curator rewards are such a small fraction of the voter’s Steem Power, that only those with significant Steem Power are economically motivated by curator rewards. Thus we could posit that minnow voters have no great mental calculation cost when voting since they can vote their conscience without significant curator reward implications. Although the minnows don’t individually have much impact on the payout rewards, collectively they do since there are many more of them than there are whales. Thus we can conclude the white paper is more or less correct w.r.t. to minnows and w.r.t. to whales, the votes are not a replacement for micropayments because the whale’s vote doesn’t involve an insignificant economics value.
I've concluded the minnows always can vote their conscience and ditto the largest whales, yet the problem remains that the dominant game theory is the most upvoted posts will also attract the most upvotes in a vortex of one-size-fits-all: https://steemit.com/gametheory/@biophil/what-s-a-minnow-to-do-the-game-theory-of-steem-part-4#@anonymint/re-biophil-re-anonymint-re-biophil-what-s-a-minnow-to-do-the-game-theory-of-steem-part-4-20160719t212322332zAgain the solution appears to be the one I blogged about which earned me $7000: https://steemit.com/steemit/@anonymint/improving-steem-s-rankings-to-cater-to-diverse-content-preferences
This is already a phenomenon seen all over social media. Look at Twitter, for example, where the only metrics of success are likes and retweets. Even there, content is dominated by garbage "parody" accounts, who all repost the same stuff. Why are these accounts the most popular? Well, on a platform like Twitter, people are rewarded via followers and notifications for playing a part of the majority. It's the same reason why you only see conservative view points ridiculed and progressive ones hailed. The best content strays too far from the norm to make up the most exposed content.
You can see this everywhere. Hell, look at top movie lists. The Shawshank Redemption routinely lands #1 on user generated lists that consist of voting for what you like. So does Pulp Fiction. Are these the best two movies ever? No, they aren't. So why do they always land on top? Because they are the goodest. Everyone likes these movies. It may not be everyone's favorite, but everyone likes it.
I was rewarded $7000 for proposing an algorithmic solution to the problem you lament: Interesting solution, and I do believe that if implemented correctly, this could fix the problem of the same old garbage getting voted for thousands of dollars. The problem with your solution is that implementing it, while improving the quality of the platform as a whole, would not be in the best interests of the developers. Simply put, people are only using Steemit to make money. Nobody is saying "Wow, look at the quality of content on Steemit!" The ONLY draw to the platform is the profit possibilities. By fragmenting voting into niches, there will no longer be posts earning tens of thousands of dollars. People will see the dollar values going down of top posts (as now money is split more evenly between the topics) and assume the scam is starting to dry out. The longer they can pump this bubble, the better for the few at the top of the ecosystem. |
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Whilst we are disappointed with delays it is in everyone's best interests that the platform is secure. It is just hard to be patient! Anyway STEEM is really big right now. Despite all the issues surrounding the STEEM currency WAVES could capitalise on this by simultaneously putting out it's newsletters and announcements on STEEMIT. I think this could help attract more people to the platform and help create more buzz. I have created a quick post on the bug bounty as an example but I think it is best if the team starts putting these out - that will probably get it more likes and more buzz - if they post the links on here we can up-vote it. Any Steemit dollars raised can then be used for competitions and giveaways for further good PR and to spread the word about WAVES. I think it might be worth Sasha putting up a Q&A post similar to a Reddit AMA initially so people can ask about WAVES. I know a lot of people are skeptical about STEEMIT but we may as well make use of the traction it has right now. Also the blogging platform itself is quite nice. Anyway here is a link to my post about the bug-bounty. Please give it an upvote. Lets get WAVES trending on STEEMIT. https://steemit.com/cryptocurrency/@thecryptofiend/earn-money-for-finding-bugs-waves-platform-bug-bountyAhaha. Pumping one scamcoin using the resources of another. I love it. In all honesty though, the same people who use Steemit are probably dumb enough to invest in WAVES, too. |
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explain me more, how I can use this steem they are accepted in some exchanges?
why proof show 500+$ of value?! and you sell for 0,15 btc?
Steem Power is locked up for a long period of time. On average, it will take one year to get any chosen Steem Power out of the account. OP is selling at a very discounted rate because he understands Steem is a shitty pump and dump and the value is going to drop to 0 before he can withdraw his SP for BTC. |
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Ignorant people are still investing in to Steem with the mindset that they can use their Steem Power to get publicity and money from blogging. Once everyone comes to consensus that Steemit is a top-heavy pump and dump economy that only favors the handful at the top, the newbies will stop investing and stop posting. When that happens, bottom will fall out completely, and marketcap will disappear.
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Just out of curiosity, where is steemit userbase coming from since their original thread has only 31 pages, twitter has only 1000 followers and facebook has less than 1000 followers? things aren't adding up for me here. More I dive in, more complicated it gets. The people falling for the Steem trap aren't crypto people. They are normal people who hear from word of mouth that "This girl just got paid $11,000 for having tits on this site called Steemit!" Then they say wow! and they make a few posts. Then they realize they don't have tits and, as such, don't get any money. However, every now and then one of them does have tits, and they tell their friends about their success. At this point Steem is basically the titcoin meme that Pornhub made a video about. I'd be absolutely embarrassed if I were an investor of this fraud. The objective is to monetize content providers, whether they are journalists, musicians, memesters, beauty consultants, or developers, to give them a place to earn money without having to chip off a percentage to a manager. People who think they are going to get paid for the same posts that do not earn them a BTC tip on reddit (or even un-spendable reddit gold) are going to be let down by the reality that no one will pay them for just participating on steem either. The make-up tutorial earned money because it targeted fashion and it was a first--and yes, you could have made one yourself, some guy did exactly that and made 10k (parody works too--he probably said, "That's stupid, let's mock it." and got paid for the effort). Some people are good at making content, some get lucky at it, but most are mediocre and will have to have a good day to make even a few bucks on the platform. If it gives content providers a way to keep more of their earnings, then I think it will be successful--stories like the make-up tutorial get people to the site, but they hardly guarantee anyone the same luck for the same effort. This all hinges on the assumption that payment correlates to quality. I've made this point before, and I'll make it many more times. The way Steem is set up, you don't see the best content, because the okayest content is the easiest to gamble on. This is already a phenomenon seen all over social media. Look at Twitter, for example, where the only metrics of success are likes and retweets. Even there, content is dominated by garbage "parody" accounts, who all repost the same stuff. Why are these accounts the most popular? Well, on a platform like Twitter, people are rewarded via followers and notifications for playing a part of the majority. It's the same reason why you only see conservative view points ridiculed and progressive ones hailed. The best content strays too far from the norm to make up the most exposed content. You can see this everywhere. Hell, look at top movie lists. The Shawshank Redemption routinely lands #1 on user generated lists that consist of voting for what you like. So does Pulp Fiction. Are these the best two movies ever? No, they aren't. So why do they always land on top? Because they are the goodest. Everyone likes these movies. It may not be everyone's favorite, but everyone likes it. Anyways, Steemit rewards users for contributing to an echochamber-circlejerk. Post a picture with boobs in an introduction post, make a guide on how to use Steem, or talk about how awesome Steemit is. The content can be summed up as that. Nobody is going to make an in depth post on politics. Nobody is going to write a novel. Nobody is going to explain a mathematic theory. Why? Because although this would be the best content, it won't be rewarded. People aren't looking to help out the best, they are looking to help out what qualifies, because more people can agree on that. I would bet that the most brilliant people in the world, under anonymous identities, would not garner publicity or money with a post in their respective niches, regardless of how profound it is. I would also bet that these same people could make money if they instead used a fake identity as an attractive-but-relatable female and post about the same clickbait garbage that everyone else is. |
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Just out of curiosity, where is steemit userbase coming from since their original thread has only 31 pages, twitter has only 1000 followers and facebook has less than 1000 followers? things aren't adding up for me here. More I dive in, more complicated it gets. The people falling for the Steem trap aren't crypto people. They are normal people who hear from word of mouth that "This girl just got paid $11,000 for having tits on this site called Steemit!" Then they say wow! and they make a few posts. Then they realize they don't have tits and, as such, don't get any money. However, every now and then one of them does have tits, and they tell their friends about their success. At this point Steem is basically the titcoin meme that Pornhub made a video about. I'd be absolutely embarrassed if I were an investor of this fraud. |
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